Published: 2025-03-18T01:45:57.000Z
Chart EUR/USD Update: Extend consolidation below 1.0937/50 resistance
Technical Analyst
1
Bounce from the 1.0822 low to regain the 1.0900 level return focus to the 1.0937/50 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1100 | * | congestion | S1 | 1.0822/00 | ** | congestion | |
| R3 | 1.1050 | * | congestion | S2 | 1.0760 | * | Oct low | |
| R2 | 1.1000 | ** | Sep low | S3 | 1.0700 | * | congestion | |
| R1 | 1.0937/50 | ** | Nov, Jul highs | S4 | 1.0665 | * | Jun low |
Asterisk denotes strength of level
01:40 GMT - Bounce from the 1.0822 low to regain the 1.0900 level return focus to the 1.0937/50 resistance. Overbought intraday and daily studies suggest the latter expected to cap and giving way to further consolidation here. However, a later break cannot be ruled out and clearance will see room for extension to strong resistance at the 1.1000, September low. Meanwhile, support at the 1.0822/00 congestion now underpin. Would take break here to open up room for deeper pullback to correct recent strong gains from the 1.0360, 28 February low.